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Greeley Colorado is an ideal place for couples and families to settle in. Amidst the lush green surroundings, the area presents locals with many opportunities of recreation, sports and other various facilities. Thanks to the recent improvement in real estate market, many potential sellers are now willing to sale their houses. This is the reason there is an increase in the number of homes for sale in Greeley Colorado. The overall price of real estate has witnessed a sudden rise and Greeley has also been affected in a positive manner. There is an 8.8% increase in the average price per square foot for Greeley Co since last year.
How is the situation looking?
The real estate situation in Greeley Colorado is definitely looking up. There are a variety of homes for sale in Greeley that the buyers can choose from. You can either select a single/multi story house, apartment, condo, luxury home, ranch house etc. Some of these houses are refurbished while some of these houses are constructed just very recently. There are many construction companies that have realized the improving situation in the market and investing on building new housing schemes. Because of this reason, the number of homes for sale in Greeley has increased. Many established financial institutions and banks have also revised their lending and mortgage policies. As a result of which many buyers are able to take up loans through viable sources and enter the market to buy their dream homes. So in short, it can be safely said that the real estate market is definitely headed towards betterment.
The Stats are Encouraging
Any prospect buyer will be pleased to know about the latest statistics for homes for sale in Greeley. The median sales price for homes in Greeley CO for May 13 to Jul 13 was $168,000 based on 479 home sales. Comparing the median prices for last year, there is a 15.1% increase in home sales price. The number of house sales has also increased to 29.5%. The total number of homes for sale in Greeley is 607 which homes for sale in Sheridan includes 1 open house and 352 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Greeley CO was $217,255 for the week ending Aug 14, which represents an increase of 0.2%, or $338, compared to the prior week.
The Tide is High
Considering all the statistics, it can be concluded that the real estate market is heading towards improvement in the coming few years. This makes the market a viable source of investment for prospect buyers as well as a way of earning commendable profits by sellers. Both the buyers and sellers will find the market to be extremely competitive which is why sellers should not overprice their houses as they run a high risk of failing to sell off their properties. Similarly, the buyers should run a comprehensive market research before narrowing down on the houses they like. This way they will be able to make sure that they are investing on a solid and bankable property in the market.
